XRP and many other cryptocurrencies hit the 78% retracement and bounced back. What does that mean?
First, it means that the sentiment is quite uniform in most alcoins.
And second, the 78% retracement is one of the two standard wave 2 targets. So it is very likely that the coins which stopped exactly or very close to the 78% retracement are uniformly done with a big wave 2.
This is huge, because after wave 2, notoriously there is going to be wave 3.
Although this still needs confirmation, this could also mean that the final low of BTC is already in. I found two ways to count it like 5 waves down of wave C are done. As haejin pointed out, the form and fit would be bad, but who cares? Altcoins are already screaming green.
If BTC does not look bearish tomorrow, I will invest all the funds I saved for this occasion. That might be a little late, but I am better late than sorry.
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According to this chart... #Ripple is going to be $16 by the end of February! $XRP #CryptoCurrency #BUYDIPS
That is some prediction!
What if Steem would go +1096% in 6 weeks?
Ripple is the most centralised and commercially viable crypto at present. It is not a true crypto in that sense. I agree that it has a great future ahead and 2018 should see the price continue to explode!!
Xrp is my first choice!!
in crypto currencies 'world the price evolution is unpredictable, so the chart analysis becomes a little bit useless, what makes people gaining from crypto is the bullish pattern, so in my point of view, what make more sens is analyzing the marketcap https://steemit.com/crypto/@mhi/coinmarketcap-analysis
I think Ripple will have a great future because his strategy is good in the digital currency world @ew-and-patterns
It's incredible ups and downs of bitcoin right now .. With an instant down instantly. And in an instant also rises soar ,,, And please Help me ya ...
Thank you for this info. I have lots of money in etherium, ripple and trx and for the past 2 days everyone was freaking out cause they dropped so low but if people learn the info and graphs like you did they wouldnt have just sold and lost money. They could have been patient and watched that wave 2 was coming. All of this is very exciting to me, your articles really help
Good
I’m guessing the consensus is about the same for XLM too by the look of it...
Let’s hope so- I need some gains for my dignity
Does this mean you missed tthe dip as you said yesterday that 0.618% retracement was at $7500 and your buy zone was $6000 to $8000 for BTC ?
Yes, it is possible that I missed it. If tomorrow is all green again, there won't be a new low incoming.
ok thanks my friend. what is your thoughts on how long wave 3 is likely to take to top - i have a feeling it might be quite quick ?
Interesting you think dip is done and explosion next? Philip thinks we are going down if BTC does not break above 12.5k or so. It has not. Haejin have a couple of numbers had to be hit, did not hit, otherwise BTC still had another dip. Goldbug also thinks another way down. You think if market green tomorrow you think it will start going up and fast?
did I understand you. Assume tomorrow is European AM time. Cheers
European pm time. I don't think it will go fast. They don't want too much winners, so they are likely to play it slow and boring, until wave 1 and 2 are done.
I'm expecting Bitcoin to mainly pause for this month and Altcoins going up, moderately and with lower tempo than before though, after this big panic sell off. I suppose, a lot of new potential investors are standing on the sidelines right now, unsuccessfully waiting for a lower Low than two days ago or seeking their entry point based on the first signs of volume-support.
If I were to buy, I would buy now.
This is great news and I hope it rings true in the weeks ahead!
Hey there, what do you think of this about BTC? I think everyone's getting a little bit too excited atm:
five waves for a is not an abcde triangle. Lets wait for tomorrows price action, this can be a lot of things right now.
Good plan my friend!
Your projected target makes sense to me as well!
Cheers
ripple in the crypto world will have huge pull backs and multiple pumps but it will never looses its value. it is the only crypto who's strategy is to take all the banks around the world. that is one thing the ripple creator and founder uses the blockchain to make it useful than bitcoin, mering the centralized and decentralized aspects and his idea and strategy paid off very well...
allow me to translate your posts into English, help me to get my vote as you are, I hope you can help me
Haejin just sold all his alt coins and bitcoin on bitshares exchange. I wonder if he is waiting for one more low. But it seems to be risky to do that this much in a correction, don't you think?
I am waiting for 4th quarter performance report of xrp. It will announce in a week!
good post, I like your post ..
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Ripple has some major contracts with Japanese, South Korean and Indian banks. Once they start utilizing ripple this year , we should start seeing some major spikes up
I do own a small amount. But mainly I favor XLM and I do hold a bunch of that. Didn't sell any of my old position and I'm waiting for new ATH with XLM. Personally I think XLM is better in every way other than having massive institution backing at the level of XRP.
Price for ripple will continue to grow as banks realize their profits from using the ripple technology.